There is no denying that technology is a significant driving force in the rapidly changing world of property & casualty insurance.
- Consumer expectations – including your broker customers – for choice, self-service, quick response, on-demand, quality service continue to rise;
- Technology creates new risks – cyber, social liability, privacy, autonomous vehicles;
- Tools help address losses – drones, estimating tools, social tools for improved service;
- IoT and data help identify and better quantify and manage risks – flood, driving, breakdown, etc.
Might this be true for MGAs who serve niches and cover insurance needs for special risks? The threat of competition from traditional insurers, from new and existing peer MGAs and from new InsurTech entrants (many of whom look to technology for a competitive edge) is raising the bar.
Industry experts and thought leaders will focus on technology as it relates to the P&C MGA community, both as a tool to give you a competitive edge and as an external threat & risk opportunity.
MGA Industry Challenges
Gary will introduce the event, provide a snapshot of CAMGA, and participate in a panel about the issues and challenges facing the MGA community today.
Will Technology Play a New Role in the MGA-Insurer Relationship?
Chief Operating Officer, AIG Insurance
Today's dynamic, fast-paced business environment, enabled by rapid innovations in technology (InsurTech), may well have implications...
Is Your Decision Process Responding to InsurTech Demands?
As change accelerates, MGAs face rising expectations from their insurance and distribution partners, not to mention the end customer. How is technology changing the decision process?
Peer to Peer Insurance: What is the Hype About?
Founder & CEO, Huang & Associates Analytics
Review the current market trends in P2P insurance, including major players and key features offered through various platforms, with case studies to illustrate the pros and cons. What does the future hold?
→ See all the confirmed sessions.
Additional sessions being developed include:
- The InsurTech (R)evolution — Digital transformation, innovation, disruption and now InsurTech; each describes an environment which is changing and accelerating. Is InsurTech a threat threat or an opportunity to the MGA community? More so, or less so, than any other segment of the insurance ecosystem?
- Technology Providers — Like insurance practitioners, purveyors of applications using new approaches and technologies keep challenging those from the older school; as all parties adjust to the latest advances, the next generation of functions are already on the drawing board. Discuss with them and learn what is new.
- Distributors — Being in the middle between insurers and brokers means you can be hammered from both sides with evolving expectations. What is changing on the distribution side of the coin? What will that mean to you as an MGA?
- New and Emerging Technologies — How are the new technologies (including Artificial Intelligence, Machine Learning, Blockchain, Voice) playing out? Where are they on the hype cycle, what impact might they have, and when? What else is just behind the curtain waiting to emerge?
Things have never changed this quickly before in insurance, and they will never change this slowly again.
Join your peers and explore the future – it starts tomorrow.
Who Should Attend
This Technology In Action symposium is designed for decision-makers and innovators in Property & Casualty MGAs, and those insurers, brokers, and services providers who work with them, including:
- Principals and Leaders with responsibility for business transformation who are considering/evaluating technology as a part of their program;
- Line managers responsible for delivering operational business value who follow technologies in order to be current;
- Technology professionals evaluating core systems and newer technologies.
Vendors: Vendors: If you are looking to increase the visibility of your company, products and services, take advantage of the opportunities to participate – see Sponsor Opportunities or contact Doug Grant at email@example.com.
Date & Venue
This event will take place Tuesday, November 27, 2018, at Malaparte, TIFF Bell Lightbox (6th Floor), in downtown Toronto.
- Registration and continental breakfast from 7:30am
- Sessions will begin at 8:30am
- The day will close with a networking reception ending at 7:00pm.
- We are requesting RIBO Continuing Education accreditation for this event.
- We won't know the details until after the event.
- Our recent events have all been accredited, almost always in in the Management category.
- One full day of content tends to translate into roughly 6.0 hours of Management credit.